Eastern Europe: Wool Grease Market 2024

Wool Grease Market Size in Eastern Europe

The East European wool grease market soared to $X in 2022, rising by X% against the previous year. Overall, consumption, however, saw a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wool Grease Production in Eastern Europe

In value terms, wool grease production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild descent. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Wool Grease Exports

Exports in Eastern Europe

In 2022, exports of wool grease and fatty substances in Eastern Europe shrank dramatically to X tons, dropping by X% against 2021. Overall, exports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, wool grease exports fell markedly to $X in 2022. In general, exports, however, enjoyed a slight expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

The Czech Republic represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Bulgaria (X tons), creating a X% share of total exports.

Exports from the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bulgaria increased by X percentage points.

In value terms, the Czech Republic ($X) remains the largest wool grease supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic was relatively modest.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%).

Wool Grease Imports

Imports in Eastern Europe

In 2022, supplies from abroad of wool grease and fatty substances increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wool grease imports surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the key importer of wool grease and fatty substances in Eastern Europe, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Bulgaria (X%) and Romania (X%). The following importers - Hungary (X tons) and Slovakia (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total imports. Bulgaria, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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